The Indian stock market witnessed an upheaval on Thursday due to heavy selling. The Sensex and Nifty lost gains after being strong in early trade. At the end of business, the Sensex fell 167 points and closed at 37 thousand 105 points. At the same time, the Nifty lost the psychological level of 11 thousand. At the end of trading, the Nifty dropped 53 points to 10,983. With this, the market started braking for 5 consecutive days.
Please tell that on Wednesday, the Sensex strengthened by 125 points to close at the level of 37,270.82. At the same time, the Nifty rose by 16 points to 11,018.95. During this time, Foreign Portfolio Investors (FPI) made purchases for the first time in September. FPI bought stocks worth Rs 266.89 crore while domestic institutional investors bought Rs 1,132.42 crore.
Yes Bank fell by 5%
At the end of business, Yes Bank shares broke more than 5 percent. Earlier on Wednesday, Yes Bank shares rose up to 7 percent. Actually, there was a news of buying Paytm stake in Yes Bank. The bank benefited from this news and the stock gained momentum.
Apart from Yes Bank, the auto sector stock Tata Motors lost about 5 per cent, while Maruti’s share fell more than 3 per cent. Shares of Axis Bank, Airtel, Reliance, NTPC, ITC, Asian Paint, Bajaj Finance and TCS also closed on the red mark. If you talk about the rising stocks, ICICI Bank gained 2 percent. Apart from this, shares of Sun Pharma, IndusInd Bank, HDFC Bank, SBI and HDFC also closed on the green mark. Meanwhile, the rupee rose 36 paise to 71.30 against the US dollar. Please tell that the rupee closed at 71.66 against the dollar on Wednesday.